3-bed · 1,643 sqftForte Tower 2, Downtown Dubai · 5th floor · completed 2022

502, Forte Tower 2

Sold prices and rental history: sold twice, last in October 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 24 October 2023
Last soldAED 3.7M24 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Forte Tower 2

What is 502 worth today?

Last sold for AED 3,700,000 in 2023

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24 Oct 2023SoldReady
AED 3,700,000AED 2,251 per sqft
16 Jan 2020Sold by developerOff-plan
AED 3,298,400AED 2,010 per sqft

Source: Dubai Land Department. Updated 24 October 2023.

Key facts

Type
3-bed apartment
Size
1,643 sqft
Floor
5th of 42
Parking
L2-419, L2-420
Developer
Emaar
Completed
2022
Service charge
AED 32,000 /yr
Last sold
AED 3.7M · October 2023

About 502, Forte Tower 2

502 is a three-bedroom apartment of 1,643 sqft on the 5th floor of Forte Tower 2, a 42-storey tower in Downtown Dubai completed in 2022 by Emaar. It last sold on 24 October 2023 for AED 3,700,000, or AED 2,251 per sqft, 12% below the AED 2,544 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in Forte Tower 2
4M5M2018202120242027Typical sale price by year: 2018 AED 3,618,888; 2019 AED 3,525,200; 2020 AED 3,464,900; 2021 AED 3,666,944; 2022 AED 4,158,388; 2023 AED 4,050,000; 2024 AED 4,200,000; 2025 AED 4,845,000; 2026 AED 4,950,000Sold by developer, January 2020: AED 3,298,400 (AED 2,010 per sqft)Sold, October 2023: AED 3,700,000 (AED 2,251 per sqft)

502 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 502, each contractTypical three-bed in Forte Tower 2
240K245K250K2024202520262027Typical rent by year: 2024 AED 240,000; 2025 AED 250,000; 2026 AED 240,000

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Forte Tower 2, and where 502 sits

All 84 3-beds →

502 last sold in October 2023 at AED 2,251 per sqft, 12% below what three-beds in Forte Tower 2 were fetching at the time (AED 2,544). Over the last 12 months three-beds sold for AED 4,000,000 to 5,900,000, around AED 2,873 per sqft, and rent for AED 150,000 to 315,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
28 Oct 20264,000,000
6 Oct 20264,350,000
5 Oct 20264,400,000
20 Aug 20265,700,000
15 3-bed sales in the last 12 months

Forte Tower 2

Building

345 apartments, 1-bed to 4-bed over 42 floors in Downtown Dubai, completed in 2022 by Emaar. 32 sold in the last 12 months.

Typical price per sqft
AED 2,880 Up 2.8%
Typical sale
AED 3.75M
Typical rent
AED 158K /yr
Typical yield
5.3%
Forte Tower 2, Downtown Dubai: prices, sales and rents →

Other units on the 5th floor

All 345 units in Forte Tower 2
Value
5033-bedAED 4.4M · Dec 2023
5041-bedAED 1.35M · Aug 2022
5052-bedAED 2.11M · Apr 2023
5061-bedAED 1.1M · Jun 2019
5071-bedAED 1.11M · Jun 2019
Phase 2 - 5012-bedAED 1.79M · Jun 2019

502, Forte Tower 2 in numbers

  • Sold twice: first on 16 January 2020 for AED 3,298,400, last on 24 October 2023 for AED 3,700,000 (AED 2,251 per sqft).
  • Three-beds in Forte Tower 2 sold for AED 4,000,000–5,900,000 in the 12 months to November 2026; the building's median across all types is AED 2,880 per sqft.

Source: Dubai Land Department. Updated 24 October 2023.

Questions about 502, Forte Tower 2

What did unit 502 last sell for?

AED 3,700,000 on 24 October 2023: AED 2,251 per sqft for 1,643 sqft. The unit has 2 registered sales; the first was AED 3,298,400 in January 2020.

How big is unit 502?

1,643 sqft (152.6 sqm): a three-bedroom apartment on the 5th floor of a 42-storey tower completed in 2022.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Forte Tower 2 sold for AED 4,000,000 to 5,900,000 in the last 12 months, around AED 2,873 per sqft.

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Mortgage on 502, Forte Tower 2

Starts from the last sale price (AED 3.7M, 24 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,700,000
Deposit, UAE resident (20%)
AED 740,000
Deposit, non-resident (40%)
AED 1,480,000
Monthly over 25 years at 3.7%
AED 15,138

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →